Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.
Browse More Listings in Multifamily For Sale, Cincinnati, OH or Ohio
College Hill Portfolio
1506 North Bend Rd, Cincinnati, OH 45239
$2,360,000
93
68,255 SF
$25,376.34
Multifamily
Garden/Low-Rise
Investment
9.40%
92%
3
1970
3 AC
1 / 1,000 SF
-
Find Out More...
Last Verified 10/29/2009
Listing ID 16155146
Highlights
Good mix of floor plans and utility structures- Private Parking
- Laundry facilities on-site
- Low maintenance brick structure
- Three properties within 1 mile of each other
- Seller will consider land contract with favorable terms or some seller financing with qualified buyer.
Description
Great opportunity to acquire a sizeable portfolio of units in very close proximity of each other creating economies of scale and management efficiencies. Stable and well screened tenant base. Seller will consider a 10-15% down land contract or seller secondary financing of up to 10% for qualified buyer.
Located in the desirable suburb of College Hill near Children's Hospital, College Hill Coffee Company, and other shops/eateries.
Actual
2009
$491,280
$474,459
$251,682
$222,777
$98,877
| Description | No. Units | Avg. Mo. Rent | Sq. Ft. |
|---|
| 1 bedroom - Current Avg. Rents | 70 | $416 | 550 |
| 2 bedroom - Current Avg. Rents | 23 | $512 | 700 |
Proposed
$1,770,000
7%
5
$123,900
$590,000
75% LTV. 7% I/O loan.
Map of 1506 North Bend Rd, Cincinnati, OH 45239 (Hamilton County)
Created 3/19/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.